Explained 5 stock movements today
-Infosys tumbled after company reported yet another muted quarterly result: Stock slipped over 5 percent after company posted poor operating margins along with weaker outlook.
-Sugar stocks were the flavor of the day after Rangarajan Committee tabled report on Sugar Decontrol : Uttam Sugar (9.87 percent) , Dhampur Sugar (3.25 percent) all gained after Rangarajan recommended to lift curbs in the sugar sector.
-Tilaknagar Industries shined on acquisition buzz : Counter soared nearly 15 percent after reports suggested that company is planning for acquisition in North India.
-Deccan Chronicle rallied post sale of IPL franchise, Deccan Chargers team: Scrip got locked at 5 percent upper circuit after reports suggested that company has sold Deccan Chargers to Mumbai based, Kamala Landmarc.
-TTK Prestige plunged after poor Q2 earnings: Share slided 9.55 percent after company declared Q2 numbers. Profitability in second quarter declined by 10 percent to Rs. 30.28 crore on yearly basis.